heads up here, don’t let the green candles fool you…
$LAYER exploded with a sharp impulse move and ran straight into a heavy supply zone,… after that vertical push, price failed to hold the highs and immediately started bleeding back,… this looks like post-pump distribution rather than healthy consolidation,… momentum is cooling fast and downside retracement is likely before any fresh move,…
short bias remains valid while price stays capped below the rejection area,…
trade setup (short)
entry: 0.1910 – 0.1940
target 1: 0.1850
target 2: 0.1750
target 3: 0.1630
stop loss: 0.2105

